Forms and type of Business

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Types of Business - Forms of Ownership

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Types of businesses and Forms of ownersship

Types of Business

Non-Profit: Non-profit business is a type of a business in which no owners shares in profits and losses and which exists not to earn revenue.

Institute

YMCA

E-Commerce: It is a system for buying and selling of goods and services using the internet as the mean of exchange.

Internet

Stockexchange

Manufacturing: A manufacturing business is a business that uses raw materials to make finished good which can be directly sold to consumer.

Camera

Fridge

Movie

Sports

Merchandising: Merchandising business is a business which purchases finished products and sell them to consumers.

Service: A service is a business that provides intangible products which you can’t feel or touch.

Education

Transportation

Forms of ownerships

cooperative: A cooperative is a private business organization that is owned and controlled by the people who use its products, supplies or services.

Eureko

Zenkyoren

franchise: A franchise business is a business owned by an entrepreneur or an entrepreneurial group, offering a product or service labeled by a corporation.

Popeyes

McDonalds

corporation: A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors.

Best Buy

7-eleven

Partnership: A type of ownership which is a legal relationship formed by the agreement between two or more individuals to do business as co-owners.

BMW and Louis Vuitton

GoPro and Redbull

sole proprietorship: The sole proprietorship is the simplest business form under which one can operate a business.

Landscaping

Tutor